K’taka HC Quashes Qatar Holding’s Plea Against Byju Raveendran

The HC observed that Qatar Holding should approach SIAC for any interim measures rather than Indian courts as the tribunal is already hearing the matter

However, the HC ordered that interim orders, undertakings and status quo arrangements will continue to remain in place for three months to safeguard Qatar Holding’s interests

Qatar Holding had extended $150 Mn to BYJU’S Investments Pte Ltd in September 2022 to finance part-acquisition of Aakash but later claimed a default citing troubles at BYJU’S

The Karnataka…